Update: BHP won’t match Wyloo offer for Noront
Noront Resources (TSXV: NOT) has chosen to go with the latest bid put forward by Australian billionaire Andrew Forrest’s Wyloo Metals, giving BHP (NYSE: BHP; LSE: BHP; ASX: BHP) five…
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Rio Tinto to buy lithium project in Argentina for US$825M
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is expanding its lithium ambitions beyond the Jadar project in Serbia by agreeing to buy the Rincon brine project, located in the…
The Northern Miner Podcast – episode 270: ‘Our supply chains are too big’, ft Electra Battery Materials CEO Trent Mell at the Global Mining Symposium
This week’s episode features Electra Battery Materials president and CEO Trent Mell in conversation with Mining.com executive editor Frik Els at the Global Mining Symposium. Trent discussed the fragility of…
Lundin Mining to acquire Josemaria Resources for $625 million
Lundin Mining (TSX: LUN) is acquiring Josemaria Resources (TSX: JOSE) for about $625 million for its namesake copper-gold project in San Juan, Argentina. The Canadian miner is acquiring the company for $1.60 a…
Newmont raises US$1B through mining industry’s first sustainability linked bond
Newmont (TSX: NGT; NYSE: NEM) has closed the mining industry’s first sustainability-linked bond, raising net proceeds of US$992 million in a registered $1 billion public offering of senior notes issued…
Rio Tinto picks outgoing Canadian ambassador to China as chairman
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has picked outgoing Canadian ambassador to China and veteran management consultant Dominic Barton to lead its board as the miner tries to…
Chilean miners ask leftist president-elect to foster country’s industry
A leftist millennial who rose to prominence during anti-government protests in 2019 was elected as Chile’s next president on December 19, following a bruising campaign against a free-market and anti-immigrants…
MMG shuts down Las Bambas copper mine as talks fail
Chinese miner MMG (HKG: 1208) is ending copper production from its Las Bambas mine in Peru on December 18 after talks with locals to end a 27-day road blockade, the latest…
Falco raises $17M for Horne 5 engineering, studies
Falco Resources (TSXV: FPC) has completed the last tranche of its $17.3 million private placement to continue engineering, technical and environmental studies related to its 100%-owned Horne 5 gold-copper-zinc project….
Hudbay releases initial estimate for Copper World, near Rosemont in Arizona
Hudbay Minerals (TSX: HBM; NYSE: HBM) has released the initial resource estimate for its Copper World deposit with 272 million indicated tonnes and 142 million inferred tonnes, both grading 0.36%…
Update: Argonaut Gold sees Magino capex rise 57% to $800M; CEO departs
Argonaut Gold (TSX: AR) has taken another look at the cost of putting the former Magino gold mine in Ontario back into production and found capex has risen 57% to…
Noront to negotiate with Wyloo on sweetened offer
Noront Resources (TSXV: NOT) said on Tuesday it plans to negotiate directly with Australian billionaire Andrew Forrest’s Wyloo Metals on the company’s sweetened acquisition bid, which has reignited a long-dragge-out…